Food and Beverages Association Commends Finance Minister for Removing 20% Fruit Juice Excise Duty
Ghana’s Food and Beverages Association praised Finance Minister Dr Cassiel Ato Forson for abolishing the 20% excise duty on locally manufactured fruit juices.
In Brief
- •Ghana’s Food and Beverages Association praised Finance Minister Dr Cassiel Ato Forson for abolishing the 20% excise duty on locally manufactured fruit juices.
- •The duty, introduced in 2023, had raised production costs and made local juices less competitive against imports.
- •The removal will take effect on October 1, 2026, after Parliament passes the new Excise Duty Act and presidential assent.
- •The decision is expected to ease manufacturers’ financial burden, strengthen the local industry, and boost use of locally produced fruits.
Why It Matters
The excise duty removal is a significant policy shift aimed at reducing costs for fruit juice producers, thereby enhancing the competitiveness of Ghana’s local beverage sector. By lowering production expenses, the move is expected to stimulate domestic manufacturing, create jobs, and encourage the use of locally sourced fruits, which could have broader economic benefits for farmers and related industries.
Key Details
- Excise Duty Removed
- 20% on locally manufactured fruit juices
- Duty Introduction Year
- 2023
- Effective Date
- October 1, 2026
- Legislative Process
- Parliament passage of new Excise Duty Act and presidential assent
Context & Background
The 20% excise duty on locally manufactured fruit juices was introduced in 2023, a measure that had been criticized by industry groups for increasing production costs and reducing competitiveness against imported products.
What To Watch
October 1, 2026: Effective date of the excise duty removal
Original Reporting & Sources
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